We recently published a list of Jim Cramer’s Game Plan: 12 Stocks in Focus. In this article, we are going to take a look at where Zscaler, Inc. (NASDAQ:ZS) stands against other stocks that Jim Cramer discusses.
Cramer noted that Zscaler, Inc. stock is favored no matter “what this company reports” and said:
“Oh, and then there’s a… stock, Zscaler, cloud-based cybersecurity company that’s gotten into the habit of reporting upside surprises. It’s unnerving to me that it doesn’t seem to matter what this company reports. It seems to be so loved these days. That’s where the opportunity is.”
An employee standing in front of a large data center, looking toward the future of cloud security.
Zscaler, Inc. is a cloud security company that offers solutions for secure user and device access across digital environments. The company provides services that include tools for safe connections to external and internal applications, protection of data in public cloud settings, and management of identity and access privileges. On May 23, JPMorgan analyst Brian Essex increased the price target on ZS stock from $250 to $275 and maintained an Overweight rating.
In a research note, the firm pointed to rising valuations among peers as the reason for the adjustment. The firm expects Zscaler to report a strong quarter, supported by demand for secure access service edge and security service edge. As per the firm, the company is set to capture more market share in security service edge and continues to benefit from its position with large enterprise spending.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
This article is originally published at Insider Monkey.
